Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
Stocks | Futures | Watchlist | More
or

Meats Futures Prices

Thu, Sep 24th, 2020
[[ timeframe ]] futures price quotes as of Thu, Sep 24th, 2020.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Weekly commodity commentary from market professionals delivered to your inbox.
  • Redux: Shying From The Long Side of All Markets

    September is notorious for being the most....

  • TFM Sunrise Update Sept 24, 2020

    Grain complex in the red overnight pressured by row crop harvest and higher dollar. Cattle on Feed, Quarterly Hogs/Pigs report spell position-squaring...

  • Livestock Report

    Hogs and Feeders consolidate and cattle higher

  • Dec Wheat

    There is no EASY in trading but GENUINE QUANT trading is certainly close!

  • ARE CATTLE MOOOOOVING LOWER?

    Short discussion of the present December Cattle trend, a potential for a reversal and possible trading ideas.

  • Grain markets pause mid-week

    Grain markets pause mid-week

Futures Market News and Commentary

Hogs Sell into Report

At the close on Thursday, lean hog futures were down $0.32 to $1.07 in the front months. October futures were the firmest, closing just 2 cents lower. The CME Lean Hog Index was $72.89 on 9/22, up another $0.72. USDA’s National Average Base Hog price for Thursday afternoon was 36 cents stronger @ $64.71. After the close, the quarterly Hogs & Pigs report had all hogs totaling 79.099 million head as of Sept 1. That was up 0.66% yr/yr, while the trade was expecting no change. Hogs kept for breeding were down 1.52% yr/yr, a smaller reduction than anticipated. The summer pig crop was down 3.5% compared to the average trade guess of 5%. Pork export sales from the week ending 9/17 were 37,788 MT. That was down 25% wk/wk, but up 17% yr/yr. USDA’s National Pork Carcass Cutout value was $3.06 higher to $92.03 on strength in hams. USDA estimates the week’s FI hog slaughter is 1.935 million head through Thursday. That is up 60,000 head yr/yr.

Oct 20 Hogs closed at $69.475, d... Read more

Cattle Futures Close in Black

Front month fat cattle futures closed the Thursday session $0.62 to $1.07 higher. October was about $3.02 over the cash market. Feeder cattle futures closed 70 to 95 cents in the black. Sept feeders expired at $141.45. The 9/23 CME Feeder Cattle Index was up $0.31 to $142.59. USDA reported Thursday’s cash sales activity at $105 for KS and at $104-$105 for WCB. NE dressed deals went for $165. There were also some lower graded heifers that went for $103, the week’s range of sales so far is $103 to $105.25. USDA reported beef export sales were 18,010 MT on the week ending Sept 17. That was up 26% wk/wk, but down 6% from the same week last year. This afternoon’s update showed wholesale boxed beef price recovered further. Choice boxes were quoted @ $217.48, up $1.61 cwt. Select boxes were 14 cents higher to $207.74. Ahead of tomorrow’s CoF report, the trade expects on feed on Sept 1 to be ~11.355 million head. That comes from 3.4% lower expected marketings and a 5.9% expected bump in Aug... Read more

Want to use this as
your default charts setting?
Learn about our Custom Templates
Switch the Market flag
above for targeted data.
Open the menu and switch the
Market flag for targeted data.
Get Streaming Chart Updates
Switch your Site Preferences
to Interactive Chart
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.

Free Barchart Webinar